Fresnillo Share Discussion Threads

[trader536] 24/6/2021 18:17

monty - I would think many posters here can easily afford the ADVFN premium, but they see no benefit as the data is consistently incorrect and generally aimed toward the novice. Could you explain why a professional trader would pay for this service? How has paying ADVFN improved your trading??

[montyhedge] 24/6/2021 18:07

You can't even afford ADVFN premium poor sod.

[currencytrader1] 24/6/2021 18:03

Poor old monty is a laughing stock on many a forum... Bless him.

[saint in exile] 24/6/2021 17:46

Just go short on both please Monty

[eriktherock] 24/6/2021 17:37

You may see 3 or 4 p for your trade

[montyhedge] 24/6/2021 17:34

Just hedged short Fres, long Polymetal.

[trader536] 24/6/2021 17:34

Monty is a colleague of Kenny the clown, they both work at Tesco and neither can produce a formula for their share price targets. IMO view their posts as entertainment.

[zicopele] 24/6/2021 16:42

You short Monty?

Here is the thing. Every week the balance sheet strengthens and net assets of fres increase. Every week, more planned capex is incurred which mitigates future liquidity risk.

[montyhedge] 24/6/2021 16:25

Try 650p base.

[zicopele] 24/6/2021 16:24

There is a dangerous outbreak of love on this board.

Not sure if that is a contrarian signal. All will be revealed.

Hopefully circa £8 is the base.

[imastu pidgitaswell] 24/6/2021 16:11

He's really not...

😉

(zico, just put a post on the COST thread - my DUP mate is trying to kick it off again. All very sad.)

[eriktherock] 24/6/2021 15:53

Yeah, zico, we'll see soon enough.
May I also add that, from what I've read of your posts here, you are a gracious and humble person. Well done.

[eriktherock] 24/6/2021 15:43

2603, re: 13902 plonkers are selling at this level. You're quite wrong with your second point.

[zicopele] 24/6/2021 15:43

I am in too Eric. Remember those glorious days when you were uncomfortable with 980p?

It rallied almost immediately on reddit rumours only to fall to present level.

That AGM alleviated my concerns. Not sure if it was supposed to but it did.

Juanicipio on track this year and production numbers will not disappoint.

Dividend will be joyful for all holders.

[montyhedge] 24/6/2021 15:42

eriktherock
Your right it is a dog, not only a dog but a dog with fleas.

[eriktherock] 24/6/2021 15:40

Obviously I'm not the largest dog returning to it's vomit, but over the coming days there'll be no more tasty morsels left.

[eriktherock] 24/6/2021 15:32

I can remember being at Oxus Gold agm at Green Park many years ago (nice lunch at Sofra)and chatting with a few investors there about Fresnillo soon after the IPO after the spin off from, whoever it was.
We were commenting how, from memory ,it had been traded (yes traded) down from the IPO of 440p or thereabouts to 99p or thereabouts only to rise to 2000p or thereabouts once the traders (JPM etc.) had had their fill.
There is a point in there. You'll get it.

[trader536] 24/6/2021 15:12

It could be 1204ish on release of 1H figs. I'm afraid we're gonna need to wait another six weeks, as stupid would say "the price is what it is"

But I think far higher soon

[2603] 24/6/2021 15:10

I would love to know who is selling? Some one does not want this to go up at any cost?

[eriktherock] 24/6/2021 14:59

Could see 804ish today. However skin in the game @ 810.4, 810.4, 808.8, 812.4, 813.0, 813.2, 812.6, 813.8, 812.0, 810.8...

[eriktherock] 24/6/2021 14:56

As a dog returns to it's vomit, I find myself invested here.

[imastu pidgitaswell] 24/6/2021 12:24

Pen - yes, although self-isolating, thanks to a spontaneous visit to daughter at uni while on way to a golf holiday. She tested positive, golf holiday canned (for me) and had to drive 300 miles home. That is why, as I informed Mrs P not to expect it in future, one should never be spontaneous... Hence why spending time posting stuff here instead of more interesting things.

Off out to paint the window sills now - rock 'n roll...

Good to hear from you and that you have family wealth to be tended - hope it's something immoral and cash-generating...

[imastu pidgitaswell] 24/6/2021 12:20

2603 - Are you saying they aren't always? 😎

Anyway, let's move on. The AGM is supposed to have some Q&As submitted - but they don't say (or have I missed it?) that they will publish them with responses?

"Shareholders' views on the Company's activities are very important to the Board and it remains committed to engagement with shareholders. Accordingly, shareholders are encouraged to submit questions ahead of the AGM"

[penycae] 24/6/2021 12:20

Impy - in my case, the day job is something the family spent years trying to lever me out of, only to find that the old man might actually have his uses when things tend to get a tiny bit out of control.
Cynical I know, but that seems to be the current situation at Penycae Holdings. Should be back to normal soon, then looking forward to taking Mrs. P somewhere sunny.

You alright?